exclusive for pinoys! Philippine TV special effects are still way below poor

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I'm sorry, I don't mean to degrade our "sariling atin" efforts. But if you've been watching Telefantasyas lately, you'll have to agree that our special effects are just dreadful. Don't mean to be so harsh but I'm just being honest. I mean I've watched a lot of old American fiction movies that date way back 19forgotten and their special effects are very impressive that our own modern technology can't even go halfway. I mean, what's wrong with us? Are we simply less creative? Or too dependent on computer graphics? Or is it just that technology requiring such results are too expensive? At least tell me so I'll understand.